Agricultural Micronutrients Market Project at $7.6 Billion by 2020

The
report “Agriculture Micronutrient Market by Type (Zinc, Manganese, Boron,
Copper, Molybdenum, Iron), Form (Chelated & Non Chelated), Application Mode
(Soil, Foliar, Fertigation), Crop Type, & by Region - Global Trends and
Forecast to 2020” defines and segments the agricultural micronutrients
market with an analysis of current demand and forecasted consumption in terms
of volume and value. It also identifies the driving and restraining factors for
the global agricultural micronutrients market with an analysis of trends,
opportunities, winning imperatives, and challenges. The market is segmented on
the basis of types and applications for agricultural micronutrients.

The
market is segmented and revenues are forecasted on the basis of major regions
such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The
key countries are covered and their market sizes have been forecasted for each
region. Further, the market is segmented and revenues are forecasted on the
basis of applications.

Global
Agricultural Micronutrients Market is projected to grow at a CAGR of 8.1% to
reach $7.6 Billion by 2020.

The
agricultural micronutrients market is driven by the increased global
micronutrient deficiency in soil and shrinkage in the world’s agricultural
land. Acquisition and agreement formed the most-preferred strategy, among the
key players, to attract and retain new customers, globally. These players
focused on acquiring local players of the emerging markets to expand their
business on a global scale and sustain in the competition prevailing in the
market. New product launches also helped key players in strengthening their
product portfolio.

The
enormous benefits of agricultural micronutrients are projected to drive its
market globally. Its increasing end-use applications and increasing food
products because of the growing population are major driving factors of
agricultural micronutrients market.

The
report includes development strategies and product portfolio of the leading
companies such as Agrium Inc. (Canada), AkzoNobel (The Netherlands), Yara
International Ltd (Norway), BASF SE (Germany), Agrium Inc. (Canada), and Auriga
Industries Ltd (Denmark). Other players include The Mosaic Company (U.S.),
Coromandel International Ltd (India), Haifa Chemicals Ltd (Israel), Sapec SA
(Spain), and Valagro (Italy).

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